Get the economy going?

Our chancellor Rishi Sunak announced yesterday his plans to help get the economy going.
This included  “ …………….meals eaten at any participating restaurants from Monday to Wednesday during August will be 50% cheaper, up to a maximum discount of £10 per head for everyone.”  source
Excuse me for asking, but where could I get a decent meal in a restaurant (McDs and Burger King do not count) for £20? The last time Hubby and I had a meal in a restaurant was over 2 years ago and that set us back £53,  no alcoholic drinks either as we’re teetotal.
Or maybe he’s talking about main courses only as most are around £16 – £20 now.

Look at the list in that article of the top riskiest places (sorry for it being fuzzy)

The Government are deliberately herding everyone together without thought or consideration for the consequences in a bid to ‘get the economy going’.

For the record, here is the other half of that list

Now I’m no expert, and I know that businesses have to make money in order to stay in business. And for them to do that, they need paying customers.
Well, if the majority are sick or dying, there won’t be very many, despite the Chancellor’s big plans of cutting VAT, vouchers to spend on home improvements and dining out, and money to spend in certain industries.

Every time I ring the bank, one of the recorded messages is about mortgage, loan and credit card holidays.
So, I was thinking……. in my naive little way…….though I know I won’t explain it very well:

Why can’t our Chancellor give businesses a similar break and instruct councils and landlords to give ‘holidays’ or reductions to their tenants in their lease payments and unit hires for this year?
Why can’t he reduce the VAT and income tax on their revenue bills, as many will be having a bad year and won’t have the usual turnover, that is if they can stay afloat in the coming months anyway?

Thing is, even I can see that isn’t generating revenue for the councils or treasury.
Mr Sunak’s remedy seems to be print money (aka vouchers) with conditions so that people put themselves at risk in order to spend money they haven’t got (being furloughed or now unemployed because of layoffs) and put it on credit which doesn’t have to be repaid……… yet.

And don’t get me started on his gem of relaxing stamp duty on properties up to half a million in a bid to get that market moving! It will only falsely inflate values, and if you needed a mortgage? Who is going to lend the money????

Ronald Reagan said the 9 most terrifying words in the English language were
“I’m from the government and I’m here to help”.

He definitely got that right.

About pensitivity101

I am a retired number cruncher with a vivid imagination and wacky sense of humour which extends to short stories and poetry. I love to cook and am a bit of a dog whisperer as I get on better with them than people sometimes! We have an elderly dog called Maggie who adopted us as a 7 week old pup in March 2005. From 2014 to 2017 'Home' was a 41 foot narrow boat where we made strong friendships both on and off the water. We were close to nature enjoying swan and duck families for neighbours, and it was a fascinating chapter in our lives. We now reside in a small bungalow on the Lincolnshire coast where we have forged new friendships and interests.
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8 Responses to Get the economy going?

  1. fransiweinstein says:

    They really are clueless. And people who fall for this kind of nonsense are pretty clueless themselves. There isn’t enough money on this planet to get me to eat in a restaurant or do anything that will put me at risk.

  2. murisopsis says:

    Reagan also espoused the theory of “Trickle down” economics which was basically give all the breaks to businesses and they will do well and the growth/wealth will trickle down to the workers. And that NEVER happens. Instead the rich get richer and the poor get poorer! I do think that mortgages could be suspended as well as rents but only if property taxes were likewise adjusted to make up for the lack of money coming in… But in the end, I’m not sure that it will matter if everyone is in the hospital with COVID! I am remaining distanced and masked.

  3. One of President, think was John Kenndy solan was “ASKED WHAT YOUR COUNTRY CAN DO FOR YOU, BUT WHAT YOU CAN DO FOR YOUR COUNTRY.”

  4. Most haven’t a clue or concern about safety, just money.

    • I agree. That’s what it’s all about and now they are planning on opening up venues of the highest risk. For many (us included) it’s making it difficult and anxious to go out.

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